Verizon sells Yahoo and AOL to Apollo for $5 billion
Yahoo and AOL are changing hands again.
Verizon, which purchased AOL in 2015 and Yahoo in 2017, is now selling them to private equity company Apollo Global Management for $5 billion.
Verizon merged AOL and Yahoo into a subsidiary called Oath in 2017, eventually rebranding it into Verizon Media. The new company, in which...